The Active Network, Inc. is way more than a social network. They are Active Network.
We are a technology and media company powering the largest network of organizations, activities, and people. Our technology helps businesses automate and simplify operations, management and participation, while our media properties are home to millions of people looking for things to do. When you put the two together, it is the most powerful technology and marketing engine available today. Using our solutions, everyone wins. Businesses operate smarter and get access to more participants than ever before, and consumers can go to one place to find things they love, want and need to do.
We believe in the power of community, the value of authenticity and strength of active living.
Over 10 years ago, we started in a small office with a handful of employees. We built software that made it easier and more convenient to organize events and activities. Today, Active Network has grown to a team of thousands touching millions of people with our technology and services. From the start, we believed that we could change the way the world participates in every kind of activity imaginable. And we do it every day.

Active Network Reports Record Second Quarter 2011 Results
Quarterly Revenues Increase 21% Year-Over-Year to $99.0 Million
Company Achieves Record Net Income of $5.5 Million
Adjusted EBITDA of $20.4 Million, Up 72% Over the Prior Year Period
The Active Network, Inc. (NYSE:ACTV), the leading provider of organization-based cloud computing applications, announced its financial results for the second quarter of 2011.
“We are pleased to report record second quarter results in our initial earnings release as a public Company,” said Dave Alberga, CEO of Active Network. “Our record performance was driven by strong registration growth and an increase in revenue per registration as we continue to capitalize on our market opportunity. We have a predictable business model based on recurring revenue from a large and diversified base of organizations, and are continuing to make key investments in our technology platform to help drive future growth. Looking ahead, we are focused on adding more organizations in our existing markets, increasing our customer’s online conversion rates and deepening our relationships with existing customers.”
“An important profitability milestone was achieved this quarter as we scaled our business to drive record quarterly revenues, the first quarter of positive net income and the highest Adjusted EBITDA to date,” explained Scott Mendel, CFO of Active Network. “We performed better than expected during our seasonally strongest quarter, specifically in our higher margin consumer media business. With the proceeds from our offering and positive cash flow, we ended the quarter with a strong balance sheet and $157.5 million in cash and cash equivalents.”
Q2 2011 Financial Highlights:
(All comparisons are made to the second quarter of 2010)
Total net revenue was $99.0 million, up 21% from $81.7 million.
Technology revenue constituted 86%, or $85.6 million of total net revenue, up 20% from $71.2 million.
During the quarter, registrations grew 7% to 22.9 million and net revenue per registration increased 8% to $3.04.
Marketing Services revenue constituted 14%, or $13.5 million of total net revenue, up 28% from $10.5 million.
Gross margin improved 110 basis points to 59.4%.
Income from operations improved to $7.5 million compared to $0.6 million.
Net income improved to $5.5 million compared to a net loss of $1.9 million.
Adjusted EBITDA, a non-GAAP financial measure, grew 72% to $20.4 million, from $11.8 million.
Cash flow from operations was $66.4 million, up 23%, as compared to $54.1 million.
The Company closed the quarter with cash and cash equivalents of $157.5 million.
More about ACTV at www.ActiveNetwork.com

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